Doordash files for IPO, reveals sales have soared during pandemic

DoorDash, the U.S. food delivery startup backed by SoftBank Group, on Friday made public its regulatory filing for a listing on the New York Stock Exchange, setting the stage for a blockbuster market debut before the end of the year.

In its IPO filing, DoorDash reported revenue of $1.92 billion for the first nine months of 2020, up more than three times from the same period a year earlier.

DoorDash’s filing kicks off a frenetic period for U.S. capital markets, with several high-profile names including home rental giant Airbnb, e-commerce firm Wish and PayPal co-founder Max Levchin’s lending startup Affirm lined up for stock market debuts in December.

DoorDash filed for an IPO of $100 million, although that is a placeholder amount and is expected to change.

The startup had confidentially filed for an IPO in February, following the likes of ride-hailing companies Uber Technologies Inc UBER.N and Lyft Inc LYFT.O, which went public last year.

Goldman Sachs and J.P. Morgan are the lead underwriters for DoorDash’s IPO.

All countries
194,567,100
Total confirmed cases
Updated on July 25, 2021 1:02 pm
Italy
4,312,673
Total confirmed cases
Updated on July 25, 2021 1:02 pm
Spain
4,280,429
Total confirmed cases
Updated on July 25, 2021 1:02 pm
Iran
3,691,432
Total confirmed cases
Updated on July 25, 2021 1:02 pm
Germany
3,761,850
Total confirmed cases
Updated on July 25, 2021 1:02 pm

Latest Updates

Without Backpackers to Pick Them, Crops Rot by the Ton in Australia

SHEPPARTON, Australia — Peter Hall ran a hand over the Gala apples sitting in a wooden crate on his orchard in southeastern Australia, lamenting...

U.S. Will Have Enough COVID-19 Vaccines for All Adults by End of May, Biden Says

You have reached your limit of 4 free articles. Get unlimited access to TIME.com.99¢ for the first month Subscribe Now You have...

Biden Vows Enough Vaccine ‘for Every Adult American’ by End of May

But Johnson & Johnson and its partners fell behind in their manufacturing. The company was supposed to deliver its first 37 million doses by...

Popular Articles

Without Backpackers to Pick Them, Crops Rot by the Ton in Australia

SHEPPARTON, Australia — Peter Hall ran a hand over the Gala apples sitting in a wooden crate on his orchard in southeastern Australia, lamenting...

U.S. Will Have Enough COVID-19 Vaccines for All Adults by End of May, Biden Says

You have reached your limit of 4 free articles. Get unlimited access to TIME.com.99¢ for the first month Subscribe Now You have...

Biden Vows Enough Vaccine ‘for Every Adult American’ by End of May

But Johnson & Johnson and its partners fell behind in their manufacturing. The company was supposed to deliver its first 37 million doses by...

Twitch gamer Sodapoppin quits fake GTA jobs because they’re too hard

Sometimes being a fake fast-food restaurant manager can be as taxing as being a real one. This is especially true when you also have pretend...

Sarkozy says could take corruption appeal to European human rights court

France's former president Nicolas Sarkozy said Tuesday that he might consider taking his appeal against a corruption conviction to the European Court of...

Where Biden’s Foreign Policy Is Taking the U.S.

One day before the administration announced its decision on Saudi Arabia, Biden gave the first major indication of his presidency that he would be...

Interviews